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๐ค Word of the Day = SPREAD ๐
๐ WODL๐
The term "spread" refers to the difference between two related values, prices, or rates. ๐
๐ฐ In the context of crypto, a "spread" could describe the difference between the bid and ask price of an asset, the gap between two trading pairs, or even interest rate differentials in crypto lending platforms. ๐โ๏ธ Understanding spreads is essential for assessing trading costs, spotting arbitrage opportunities, and managing risk. ๐
๐ก Whether itโs analyzing liquidity, calculating potential profits, or planning strategic trades, spreads play a crucial role in guiding smart investment decisions. ๐๐
How do you use spreads to optimize your trading strategy in the crypto market? ๐ค๐ผ
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